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Molycorp Inc. (MCP): Today's Featured Metals & Mining Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Molycorp (
MCP) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 2%. By the end of trading, Molycorp fell 13 cents (-1.1%) to $11.44 on average volume. Throughout the day, 5.8 million shares of Molycorp exchanged hands as compared to its average daily volume of 7.6 million shares. The stock ranged in price between $11.15-$11.70 after having opened the day at $11.68 as compared to the previous trading day's close of $11.57. Other companies within the Metals & Mining industry that declined today were:
Prospect Global Resources (
PGRX), down 8.1%,
Universal Stainless & Alloy Products (
USAP), down 4.5%,
Cardero Resources Corporation (
CDY), down 4%, and
Crosshair Energy (
CXZ), down 3.8%.

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Molycorp, Inc., a development stage company, engages in the production and sale of rare earth oxides in the western hemisphere. Molycorp has a market cap of $1.22 billion and is part of the
basic materials sector. Shares are down 53.9% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Molycorp a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates Molycorp as a
sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.